Telecom Expense Management Featured Article

BYOD, Enterprise Mobility Revenues to Show Traction

A strong mobile user workforce has emerged and enterprises are being forced to go mobile, too. BYOD (bring your own device) is no longer frowned upon as companies say they are seeing positive returns in terms of time management, cost saving and a motivated work environment. Enterprises are encouraging personal devices in the workplace environment as they can no longer afford to have BYOD in the background.

A new report titled "Bring Your Own Device (BYOD) & Enterprise Mobility Market’ by MarketsandMarkets indicates that this trend is here to stay and the ‘BYOD and Enterprise Mobility Market’ is expected to grow almost four fold -- from $72.34 billion to $284.70 billion in the next five years.

While the increase in smartphone penetration, a growing mobile user workforce and rampant increase in BYOD are the chief triggers for this market, cloud infrastructure adoption and reduced hardware cost for enterprises are also egging it forward.

On the surface, the adoption of BYOD seems a good positive step for the enterprise, but when organizations allow personal devices in the workplace, challenges and risks in the corporate place increase several-fold. Government standards and regulations such as HIPPA and PCI (News - Alert) DSS have to be implemented to ensure that corporate data remains secure. The way users and organizations will address network security concerns will also change and server architecture will have to be remodeled.

Software and security vendors are helping companies provide an environment where employees can connect their devices to the enterprise network without having any security-related issues and this, in turn, is another driver for the BYOD and enterprise mobility market. Mobility also encourages the development of mobile apps, which will drastically reduce the time for workflow processes, stimulating the market further.

Region-wise, North America is expected to be the largest market in terms of market size, while EU and APAC are expected to experience an increase in market traction during the forecast period showing greater positive growth.